Top-Floor One-Bedroom
For Sale
$287,900
1935 WILSON LANE Unit 301, Mc Lean, VA 22102
The 799-square-foot residence includes a balcony, walk-in closet, and updated kitchen and bathroom.
Property Size799 SF
Price / SF$360.33
Days on Market51
Property Features for 1935 WILSON LANE Unit 301
General Information
Standard status
Active
Size
799 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,293
Building Details
Building Size
799 SF
Year Built
1964
Listing Agency:
Libra Realty, LLC
Listed By:
Wentong Chen · License #0225179245
(571) 201-0696
Source:
Irvinrealtyllc
Added: Sep 13
Changed: Oct 27
Last Checked: Nov 1 at 7:40AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Libra Realty, LLC
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Investment Insights
Based on property information with market context.
This 799-square-foot, top-floor condo at McLean Chase has one bedroom and one bathroom, with a balcony and a walk-in closet. Improvements include updated kitchen and bathroom finishes, new flooring, windows installed in 2024, and HVAC from 2022. The building dates to 1964.
The unit is about 1 mile from Metro and near Downtown McLean, Tysons Corner, Greensboro Drive, and shops and restaurants. The GW Parkway, parks, and trails are also nearby. The condo fee covers heat, cooking, water, hot water, sewer, parking, storage, and community amenities.
The unit is about 1 mile from Metro and near Downtown McLean, Tysons Corner, Greensboro Drive, and shops and restaurants. The GW Parkway, parks, and trails are also nearby. The condo fee covers heat, cooking, water, hot water, sewer, parking, storage, and community amenities.
Key Highlights
- 799‑square‑foot top‑floor condo with 1 bedroom and 1 bathroom
- Balcony and bedroom walk‑in closet
- Updated kitchen and bathroom; new flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,960
Cap Rate
4.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$239,200
$239.2K
Cap Rate 7%
$170,857
$170.9K
Cap Rate 9%
$132,889
$132.9K
Market Conditions
NOI Build-Up for 799 SF
Gross rent
$23.0K $28.80/SF
− Vacancy
−$1.3K −$1.58/SF
EGI
$21.7K $27.22/SF
− OpEx
−$9.8K −$12.25/SF
NOI
$12.0K $14.97/SF
Area
Fairfax County, VA
Vacancy
5.50%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$239,200
Cap Rate 7%
$170,857
Cap Rate 9%
$132,889
Alternative Uses
Best Use
Apartment 5plus
$170.9K
$149.5K – $199.3K
NOI $11,960 @ 7.0% cap · market cap 4.15%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.35M
$2.93M – $3.91M
NOI $234,445 @ 7.0% cap · market cap 81.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,895
Businesses Nearby
Explore this area
Business Placement
Demographics for 22102, VA
27,743
Population
14,274
Households
1.9
Avg Household Size
37
Median Age
81%
College-Educated
99%
High-School Grad
12.3 sq mi
ZIP Area
2,256
Density / Sq Mi
$153,816
Median Household Income
$93,200
Median Earnings
$2,471
Median Rent
$1,003,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The 799-square-foot residence includes a balcony, walk-in closet, and updated kitchen and bathroom.
Where is this residential income property located?
The property is located at 1935 WILSON LANE Unit 301 Mc Lean, VA.
What is the asking price?
The asking price for this property is $287,900.
What are key features of this property?
This property features: 799‑square‑foot top‑floor condo with 1 bedroom and 1 bathroom; Balcony and bedroom walk‑in closet; Updated kitchen and bathroom; new flooring
